Echo chief executive steps aside

South-America-focused Echo Energy said today that its chief executive would be stepping down from the role at the end of the year.

Fiona MacAulay will become a non-executive director of the London-listed firm.

The board has appointed Martin Hull, the company’s chief financial officer, as managing director with immediate effect.

Echo James Parsons said: “It has been a huge pleasure to work with Fiona in these early stages of Echo’s development and I would like to thank her for her significant contribution in securing our Argentinian portfolio, drilling four wells, completing various workovers and in strengthening and deepening the executive team.

“At this stage in her career Fiona wishes to develop a non-executive portfolio and we look forward to having the benefit of her continuing input as a fellow director of the company.

“I am very pleased that Martin will be taking the reins, bringing his extensive international transaction experience as we continue to drive transformational growth and build an even stronger platform for value creation for our shareholders in the future.”